Major Wall Street banks are ramping up efforts to secure crypto-related deals, anticipating a wave of IPOs and capital raises under President Donald Trump’s pro-crypto policies, according to Bloomberg. Morgan Stanley is actively seeking clients for initial public offerings (IPOs), while the investment banking division of Bank of America plans ...
Japan’s Financial Services Agency (FSA) is reportedly exploring the possibility of classifying cryptocurrencies as financial products akin to securities, according to Yahoo Japan, which cites local media sources. The agency has initiated private consultations with experts to reassess the current regulatory framework. The FSA is expected to outline its policy ...
The current state of Cardano and Solana in the market has prompted traders to seek alternatives that may serve as a hedge against potential losses. Among these options, many are turning to a new DeFi token called RCO Finance, with projections of an extraordinary rise of 50,000%. But what are ...
A native of the U.S. state of Indiana, Evan Frederick Light, has been sentenced to 20 years in federal prison for his role in a cybercrime scheme that stole over $37 million in cryptocurrency from nearly 600 victims. The 22-year-old Light pleaded guilty on September 30, 2024, to conspiracy to ...
The Shiba Inu price is currently trending amidst speculations of a possible push to $1. However, expert price action analysts have said that the Shiba Inu price hitting $1 is a pipe dream as this price movement rests on a huge uncertainty: the Shibaswap DEX becoming the top DEX. Hence, ...
World Liberty Financial, a Trump-backed DeFi project, is planning to establish a strategic token reserve of its crypto holdings, according to co-founder Chase Herro According to reports from Bloomberg, Herro claimed the decision to create such a reserve is driven by the need to manage the platform's growing cryptocurrency holdings ...
The Canadian Investment Regulatory Organization (CIRO) has released its latest quarterly List of Securities Eligible for Reduced Margin (LSERM). In this update, they announced that cryptocurrency funds will not qualify for reduced margin rates. This decision is based on concerns about the volatility of cryptocurrencies, liquidity risks, and the uncertainty ...
TIGER 21, a network of affluent investors, entrepreneurs, and executives, has allocated up to $6 billion in cryptocurrencies within its $200 billion portfolio. In a recent interview with CNBC, Micheal Sonnenfeldt, founder and chairman of Tiger 21, stated, "Approximately 1% to 3% of our $200 billion in assets is allocated ...
The city of Gwacheon has announced plans to introduce an electronic system for seizing virtual assets, according to South Korean media outlet Energy Kyungjae. This initiative is part of a broader effort to enhance tax enforcement, with officials planning to deploy the technology across Gyeonggi Province to track down cryptocurrency ...
This week, Paul Grewal, Coinbase’s Chief Legal Officer, will testify before the U.S. Congress. The hearing will focus on allegations that federal regulators pressured banks to cut ties with cryptocurrency firms. I’m testifying at the @FinancialCmte’s oversight hearing looking into the past clandestine and undemocratic campaign to cut off crypto ...
